Market Overview:
The global edible vegetable oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for biofuels, increasing awareness about the benefits of edible vegetable oils, and growing population. Based on type, soybean oil is expected to account for the largest share of the global edible vegetable oil market in 2018. This can be attributed to its high demand from food industry and biofuel sector. Peanut oil is projected to be the fastest-growing type segment during the forecast period owing to its health benefits such as reducing bad cholesterol levels and improving heart health. Based on application, food industry is expected to account for majority share of global edible vegetable oil market in 2018 followed by wood finishing and other applications segments respectively.
Product Definition:
Edible vegetable oil is a type of vegetable oil that is used for cooking or frying. It is also used in many different types of food products.
Soybean Oil:
Soybean oil is extracted from soybeans through solvent extraction, hydrogenation, and transesterification. Soybean oil consists of all the fatty acids that are present in the vegetable oils. The major function of soybean oil is to provide a medium for the absorption of vitamins and minerals in order to balance nutritional deficiencies.
Peanut Oil:
Peanut oil is a vegetable oil produced from ground peanuts. It has high nutritional value and can be used as an alternative to butter, margarine or any other cooking oils. Peanut oil contains various vitamins such as vitamin K, vitamin E and omega-6 fatty acids which are essential for the human body. The regular consumption of peanut oil helps in reducing blood pressure levels and bad cholesterol in the body thereby preventing heart diseases.
Application Insights:
Edible vegetable oil is widely used in the food industry for preparation of various foods. The biofuel segment is expected to witness significant growth over the forecast period owing to rising demand for edible oil as a fuel in automobiles. Increasing disposable income and standard of living has led to an increase in automobile sales, which will have a positive impact on market growth over the next eight years.
The wood finishing segment accounted for around 15% share of global revenue in 2017 and is expected to grow at steady CAGR from 2018 to 2030 due largelyto increasing consumption of wood finishing agents such as tung oil, linseed oil, and soybean oil by end-use industries such as construction and furniture making across regions including North America, Europe, Asia Pacific Africa Middle East & Central Asia). These factors are projectedto drive product demand during the forecast period.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for approximately 60% of global edible vegetable oil production. China, India, Thailand, Philippines, Indonesia and Japan are some of the major producers in this region. Asia Pacific is also one of the largest consumers as well as exporters of edible vegetable oils globally.
The growing population coupled with rising disposable income has resulted in a high demand for biofuels across countries such as China and India which will have a positive impact on industry growth over next eight years. North America emerged as second-largest consumer followed by Europe owing to increasing consumption from biodiesel application segment due to strict regulations regarding clean fuel standards set by U.S Environmental Protection Agency (EPA).
Growth Factors:
- Increasing demand for edible vegetable oils from the food and beverage industry as a healthier alternative to other types of oils.
- Rising awareness about the health benefits of consuming edible vegetable oils, especially among the health-conscious population.
- Growing demand for biofuels, which is expected to drive the growth of the edible vegetable oil market in the coming years.
- Technological advancements in extraction and refining processes that are resulting in improved quality and purity of edible vegetable oils.
Scope Of The Report
Report Attributes
Report Details
Report Title
Edible Vegetable Oil Market Research Report
By Type
Soybean Oil, Peanut Oil, Rapeseed Oil, Olive Oil, Cottonseed Oil, Corn Oil, Coconut Oil, Nut Oil, Other
By Application
Biofuel, Food Industry, Wood Finishing, Oil Painting, Skin Care
By Companies
Wilmar International, COFCO, Changshouhua Food, Xiwang Food, Dongling Grain & Oil Co., Ltd., Jiajia Food, Hunan Jinjian Cereals Industry Co.,LTD., J.M. Smucker Company, Thanakorn Vegetable Oil, Cargill, FUJI OIL CO., LTD., Palmtop Vegeoil Products Sdn Bhd, OLVEA Group, Tampieri Spa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Edible Vegetable Oil Market Report Segments:
The global Edible Vegetable Oil market is segmented on the basis of:
Types
Soybean Oil, Peanut Oil, Rapeseed Oil, Olive Oil, Cottonseed Oil, Corn Oil, Coconut Oil, Nut Oil, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Biofuel, Food Industry, Wood Finishing, Oil Painting, Skin Care
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wilmar International
- COFCO
- Changshouhua Food
- Xiwang Food
- Dongling Grain & Oil Co., Ltd.
- Jiajia Food
- Hunan Jinjian Cereals Industry Co.,LTD.
- J.M. Smucker Company
- Thanakorn Vegetable Oil
- Cargill
- FUJI OIL CO., LTD.
- Palmtop Vegeoil Products Sdn Bhd
- OLVEA Group
- Tampieri Spa
Highlights of The Edible Vegetable Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soybean Oil
- Peanut Oil
- Rapeseed Oil
- Olive Oil
- Cottonseed Oil
- Corn Oil
- Coconut Oil
- Nut Oil
- Other
- By Application:
- Biofuel
- Food Industry
- Wood Finishing
- Oil Painting
- Skin Care
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Edible Vegetable Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Edible vegetable oil is a type of oil that can be consumed as part of a healthy diet. It is made from plants and has been used for centuries to cook food.
Some of the major players in the edible vegetable oil market are Wilmar International, COFCO, Changshouhua Food, Xiwang Food, Dongling Grain & Oil Co., Ltd., Jiajia Food, Hunan Jinjian Cereals Industry Co.,LTD., J.M. Smucker Company, Thanakorn Vegetable Oil, Cargill, FUJI OIL CO., LTD., Palmtop Vegeoil Products Sdn Bhd, OLVEA Group, Tampieri Spa.
The edible vegetable oil market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Edible Vegetable Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Edible Vegetable Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Edible Vegetable Oil Market - Supply Chain
4.5. Global Edible Vegetable Oil Market Forecast
4.5.1. Edible Vegetable Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Edible Vegetable Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Edible Vegetable Oil Market Absolute $ Opportunity
5. Global Edible Vegetable Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Edible Vegetable Oil Market Size and Volume Forecast by Type
5.3.1. Soybean Oil
5.3.2. Peanut Oil
5.3.3. Rapeseed Oil
5.3.4. Olive Oil
5.3.5. Cottonseed Oil
5.3.6. Corn Oil
5.3.7. Coconut Oil
5.3.8. Nut Oil
5.3.9. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Edible Vegetable Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Edible Vegetable Oil Market Size and Volume Forecast by Application
6.3.1. Biofuel
6.3.2. Food Industry
6.3.3. Wood Finishing
6.3.4. Oil Painting
6.3.5. Skin Care
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Edible Vegetable Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Edible Vegetable Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Edible Vegetable Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Edible Vegetable Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Edible Vegetable Oil Demand Share Forecast, 2019-2029
9. North America Edible Vegetable Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Edible Vegetable Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Edible Vegetable Oil Market Size and Volume Forecast by Application
9.4.1. Biofuel
9.4.2. Food Industry
9.4.3. Wood Finishing
9.4.4. Oil Painting
9.4.5. Skin Care
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Edible Vegetable Oil Market Size and Volume Forecast by Type
9.7.1. Soybean Oil
9.7.2. Peanut Oil
9.7.3. Rapeseed Oil
9.7.4. Olive Oil
9.7.5. Cottonseed Oil
9.7.6. Corn Oil
9.7.7. Coconut Oil
9.7.8. Nut Oil
9.7.9. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Edible Vegetable Oil Demand Share Forecast, 2019-2029
10. Latin America Edible Vegetable Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Edible Vegetable Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Edible Vegetable Oil Market Size and Volume Forecast by Application
10.4.1. Biofuel
10.4.2. Food Industry
10.4.3. Wood Finishing
10.4.4. Oil Painting
10.4.5. Skin Care
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Edible Vegetable Oil Market Size and Volume Forecast by Type
10.7.1. Soybean Oil
10.7.2. Peanut Oil
10.7.3. Rapeseed Oil
10.7.4. Olive Oil
10.7.5. Cottonseed Oil
10.7.6. Corn Oil
10.7.7. Coconut Oil
10.7.8. Nut Oil
10.7.9. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Edible Vegetable Oil Demand Share Forecast, 2019-2029
11. Europe Edible Vegetable Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Edible Vegetable Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Edible Vegetable Oil Market Size and Volume Forecast by Application
11.4.1. Biofuel
11.4.2. Food Industry
11.4.3. Wood Finishing
11.4.4. Oil Painting
11.4.5. Skin Care
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Edible Vegetable Oil Market Size and Volume Forecast by Type
11.7.1. Soybean Oil
11.7.2. Peanut Oil
11.7.3. Rapeseed Oil
11.7.4. Olive Oil
11.7.5. Cottonseed Oil
11.7.6. Corn Oil
11.7.7. Coconut Oil
11.7.8. Nut Oil
11.7.9. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Edible Vegetable Oil Demand Share, 2019-2029
12. Asia Pacific Edible Vegetable Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Edible Vegetable Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Edible Vegetable Oil Market Size and Volume Forecast by Application
12.4.1. Biofuel
12.4.2. Food Industry
12.4.3. Wood Finishing
12.4.4. Oil Painting
12.4.5. Skin Care
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Edible Vegetable Oil Market Size and Volume Forecast by Type
12.7.1. Soybean Oil
12.7.2. Peanut Oil
12.7.3. Rapeseed Oil
12.7.4. Olive Oil
12.7.5. Cottonseed Oil
12.7.6. Corn Oil
12.7.7. Coconut Oil
12.7.8. Nut Oil
12.7.9. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Edible Vegetable Oil Demand Share, 2019-2029
13. Middle East & Africa Edible Vegetable Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Edible Vegetable Oil Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Edible Vegetable Oil Market Size and Volume Forecast by Application
13.4.1. Biofuel
13.4.2. Food Industry
13.4.3. Wood Finishing
13.4.4. Oil Painting
13.4.5. Skin Care
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Edible Vegetable Oil Market Size and Volume Forecast by Type
13.7.1. Soybean Oil
13.7.2. Peanut Oil
13.7.3. Rapeseed Oil
13.7.4. Olive Oil
13.7.5. Cottonseed Oil
13.7.6. Corn Oil
13.7.7. Coconut Oil
13.7.8. Nut Oil
13.7.9. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Edible Vegetable Oil Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Edible Vegetable Oil Market: Market Share Analysis
14.2. Edible Vegetable Oil Distributors and Customers
14.3. Edible Vegetable Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wilmar International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. COFCO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Changshouhua Food
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Xiwang Food
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dongling Grain & Oil Co., Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jiajia Food
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hunan Jinjian Cereals Industry Co.,LTD.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. J.M. Smucker Company
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Thanakorn Vegetable Oil
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cargill
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. FUJI OIL CO., LTD.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Palmtop Vegeoil Products Sdn Bhd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. OLVEA Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tampieri Spa
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
